News

  • Best Ways To Save February 2020

    Easier Said Than Done: Public Unconvinced That Medicaid Spending Should Be Cut .Sixty-five percent of people surveyed by The Senior Citizens League support lifting the thresholds that subject Social Security benefits to taxation. The Senior Citizens League is seeking input from the public on this issue. To participate in a survey about Social Security and Medicare, visit . .Sources: Options For Reducing The Deficit: 2014 to 2023, Congressional Budget Office, November 2013. … Continued

  • Ask The Advisor November 2009 Advisor

    What cost increases should you keep an eye on in 2015? Prescription drugs! To learn more see "Unprecedented Generic Drug Price Spikes Wreaking Havoc." .As of yet, the text of the bills has not been released but TSCL will be closely monitoring these bills to determine if we will be supporting them. Coverage of dental and hearing care are two of our priorities and we are hopeful this legislation will provide the solution for one of those goals. .Do you have a plan for changing health and lifestyle that may affect your income? How would you cope if you developed a chronic health condition that required expensive drugs? How would you know if you start having memory problems? Have you looked into the various types of senior housing, including those with plans that provide greater continuing long term care as you age? Have you discussed your plan or desires with family or other caregivers? … Continued

Can You Tell Me How Recent Law Changes Affect RMDs From My 401(k)? .Both retirees and the disabled spend a very significant portion of their incomes on healthcare costs. For many, health insurance premiums are the most significant expense that they incur every month. That includes what the government automatically deducts for Medicare Part B, and what individuals shell out for a Medicare Advantage plan or Medigap policy, and Part D drug plan. According to a policy brief from the Kaiser Family Foundation, premiums account for the largest share of Medicare beneficiaries' out-of-pocket health spending. Four-in-ten Medicare beneficiaries spend more than 10 percent of their income on premiums alone. To get a better idea of what the government does track, here's a list from the Bureau of Labor Statistics (BLS). The BLS has classified all expenditure items into more than 200 categories, arranged into eight major groups. Major groups and examples of categories in each include: .(Washington, DC) – The Social Security Administration has announced that the annual cost-of-living adjustment (COLA) will increase benefits by 2.0 percent for 201While the increase is the highest in five years, it won't be enough to offset dramatically higher Medicare Part B premium increases for millions of beneficiaries, warns The Senior Citizens League. .That's sensible, practical – and fair. It asks those who have benefited most from wealth inequality to pay their proper share of payroll taxes. .With the Senate being so sharply divided, achieving that result is very questionable. .TSCL thanks those who donated, and remembers those who fought in World War II. Read one such remembrance, "My Friend Paris" contributed by TSCL member, John Seavers. .But one thing is clear: Congress and the President, whoever his is, will have massive issues to deal with, not the least of which will be the future solvency of Social Security and Medicare. Our political leaders have to stop avoiding dealing with these tough issues. They can't continue to "kick the can down the road." .Once again, the question among some is whether it is allergies or Covid or something else. .The Biomedical Advanced Research and Development Authority, a federal agency known as BARDA, is giving Moderna up to 3 million for late-stage development of its vaccine.